Investor sentiment around XRP It deteriorated sharply, with on-chain data showing that the majority of coin holders are now incurring significant losses.
Recent metrics suggest that more than half of XRP’s circulating supply is currently underwater, amid ongoing downward pressure affecting the asset in recent months.
In this line, the average active wallets on the XRP Ledger over the past year have decreased by approximately 41% of their holdings, according to onchain. Data Retrieved from saint Posted by Feinbold on April 6.
This represents the lowest level of market value to realized value (MVRV) ratio since the FTX crash, a period widely associated with extreme stress across the world. Cryptocurrency market. The decline in profitability is further reflected in distribution data, which shows that only 43.4% of the total supply of XRP remains in profit.
Realized daily losses have been rising, at times reaching $110 million, while persistent selling pressure has prevented XRP from making a meaningful recovery despite broader market stabilization.
What’s next for XRP price?
Despite this background, strongly compressed MVRV levels have historically indicated late-stage down cycles. As more shareholders continue to experience losses, selling pressures tend to ease, making room for gradual accumulation by long-term investors.
Historically, such conditions have preceded strong recoveries, with earlier periods of low VAR followed by large recoveries. Current data indicates a potential rise of 63% if market sentiment improves and demand returns.
Interestingly, this comes at a time when XRP is showing an increasing disconnect between network activity and market performance.
like I mentioned By Finbold, on-chain data indicates that XRP addresses have increased from 7.9 million at the beginning of 2026 to around 8.1 million as of April 6.
This steady rise indicates continued user adoption and network expansion. However, this growth did not translate into price gains, as the asset’s poor performance was largely driven by the absence of asset-specific catalysts, leaving XRP to move in line with broader policies. Cryptocurrency Market trends.
XRP price analysis
By press time, XRP was trading at $1.31, down 2.5% over the past 24 hours, while on the weekly time frame, the asset was down less than 0.1%.
Overall, XRP has been range-bound since late February, testing crucial support near $1.28, a level that has held steady during multiple sell-offs.
A decisive break below this area could open the door to deeper corrections towards $1.20 and $1.15, while a sustained move above $1.36 could indicate short-term strength towards $1.45 and perhaps $1.60.
